GENERAL MEETINGS: Outcome of Meeting
| MYCRON STEEL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Nov 2020 |
| Time | 10:00 AM |
| Venue(s) |
Astana Meeting Room 15th Floor, No. 566 Jalan Ipoh 51200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Mycron Steel Berhad ("the Company") is pleased to announce that all the ordinary resolutions and special resolution as set out in the Notice of the 17th Annual General Meeting ("AGM") of the Company dated 30 October 2020 were duly passed at the aforesaid AGM which was conducted electronically in its entirety via Remote Participation and Voting facilities ("RPV") at the above Broadcast Venue on 30 November 2020.
All the ordinary resolutions and special resolution were voted by way of poll via RPV at the 17th AGM in accordance with Paragraph 8.29A(1) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements.
The detailed poll results were verified by the Independent Scrutineers, Symphony Merchant Sdn Bhd as per attachment.
Please refer to the table below for the poll results.
This announcement is dated 30 November 2020. |
Voting Results |
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1. 1 |
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| Description |
To approve the payment of Directors fees amounting to RM390,000.00 for the period from 1 January 2021 to 31 December 2021 to be payable quarterly in arrears to the Non-Executive Directors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 33 | 5 |
| No. of Shares | 253,696,949 | 4,162 |
| % of Voted Shares | 99.9984 | 0.0016 |
| Result | Accepted | |
2. 2 |
||
| Description |
To approve an amount of up to RM100,000.00 as benefits payable to the Non-Executive Directors of the Company for the period from 1 December 2020 to 31 December 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 32 | 6 |
| No. of Shares | 253,696,849 | 4,262 |
| % of Voted Shares | 99.9983 | 0.0017 |
| Result | Accepted | |
3. 3 |
||
| Description |
To re-elect En Roshan Mahendran bin Abdullah who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for reelection. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 3 |
| No. of Shares | 253,799,309 | 2,702 |
| % of Voted Shares | 99.9989 | 0.0011 |
| Result | Accepted | |
4. 4 |
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| Description |
To re-elect Tengku Datuk Seri Ahmad Shah ibni Almarhum Sultan Salahuddin Abdul Aziz Shah who is retiring in accordance with Article 96(1) of the Company's Constitution and who, being eligible, offer himself for reelection. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 3 |
| No. of Shares | 253,799,309 | 2,702 |
| % of Voted Shares | 99.9989 | 0.0011 |
| Result | Accepted | |
5. 5 |
||
| Description |
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 37 | 2 |
| No. of Shares | 253,801,909 | 102 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
6. 6 |
||
| Description |
Approval for Tan Sri Datuk Seri Razman Md Hashim bin Che Din Md Hashim to continue in office as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 36 | 3 |
| No. of Shares | 253,799,309 | 2,702 |
| % of Voted Shares | 99.9989 | 0.0011 |
| Result | Accepted | |
7. 7 |
||
| Description |
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature with Trace Management Services Sdn Bhd |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 3 |
| No. of Shares | 11,276,384 | 2,702 |
| % of Voted Shares | 99.9760 | 0.0240 |
| Result | Accepted | |
8. 8 |
||
| Description |
Proposed Renewal and New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 33 | 4 |
| No. of Shares | 11,274,924 | 4,062 |
| % of Voted Shares | 99.9640 | 0.0360 |
| Result | Accepted | |
9. 9 |
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| Description |
Authority to Issue and Allot Shares Pursuant to Sections 75 and 76 of the Act |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 4 |
| No. of Shares | 253,797,949 | 4,062 |
| % of Voted Shares | 99.9984 | 0.0016 |
| Result | Accepted | |
10. Special Resolution 1 |
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| Description |
Proposed Amendments to the Constitution of the Company (Proposed Amendments) |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 35 | 4 |
| No. of Shares | 253,797,949 | 4,062 |
| % of Voted Shares | 99.9984 | 0.0016 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MYCRON STEEL BERHAD |
| Stock Name | MYCRON |
| Date Announced | 30 Nov 2020 |
| Category | General Meeting |
| Reference Number | GMA-30112020-00005 |
| Corporate Action ID | MY201130MEET0005 |